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FTCFF (FMS Enterprises Migun) Receivables Turnover : 1.48 (As of Dec. 2024)


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What is FMS Enterprises Migun Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. FMS Enterprises Migun's Revenue for the three months ended in Dec. 2024 was $33.1 Mil. FMS Enterprises Migun's average Accounts Receivable for the three months ended in Dec. 2024 was $22.3 Mil. Hence, FMS Enterprises Migun's Receivables Turnover for the three months ended in Dec. 2024 was 1.48.


FMS Enterprises Migun Receivables Turnover Historical Data

The historical data trend for FMS Enterprises Migun's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FMS Enterprises Migun Receivables Turnover Chart

FMS Enterprises Migun Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.33 5.03 4.74 4.12 4.61

FMS Enterprises Migun Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 1.15 1.03 1.45 1.48

Competitive Comparison of FMS Enterprises Migun's Receivables Turnover

For the Aerospace & Defense subindustry, FMS Enterprises Migun's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FMS Enterprises Migun's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, FMS Enterprises Migun's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where FMS Enterprises Migun's Receivables Turnover falls into.


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FMS Enterprises Migun Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

FMS Enterprises Migun's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=128.068 / ((32.796 + 22.705) / 2 )
=128.068 / 27.7505
=4.61

FMS Enterprises Migun's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=33.073 / ((21.911 + 22.705) / 2 )
=33.073 / 22.308
=1.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FMS Enterprises Migun  (OTCPK:FTCFF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


FMS Enterprises Migun Receivables Turnover Related Terms

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FMS Enterprises Migun Business Description

Traded in Other Exchanges
Address
27 Imber Street, Petah Tikva, ISR
FMS Enterprises Migun Ltd manufactures & sells ballistic protection technology globally. It provides non-woven uni-directional (UD) fabrics for hard & soft armor applications. It also offers pressed panels of UD fabrics for personal & vehicle protection. Its fabrics used as raw materials in the personal protection and protection of vehicles and transportation industries.

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